KATHMANDU: Nepal Oil Corporation, for the first time, has brought some 40,000 litres of air fuel through private sector.
A private company come up with international competition, Petrolimax Nepal, brought the aviation fuel by Jordan Air from Lucknow, India, on Thursday.
Following the Indias undeclared blockade, the NOC had opened an international bid on importing the aviation fuel
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MORANG: A total of 39 fuel-laden tankers have entered Nepal via Jogbani point in Biratnagar on Thursday amid Indias unofficial blockade.
Officer of the Biratnagar Customs Office, Rajendra Dhungana, said that 27 tankers carrying diesel and 12 tankers of petrol entered Nepal from early morning to till night on Thursday.
Dhungana also said that 149 goods loaded vehicles also arrived in Nepal on...

KATHMANDU: Experts have suggested a permanent mechanism for fighting the current crisis and also for addressing long-term problems. They have recommended setting up a permanent mechanism -- of at least joint-secretary level and including the Finance, Foreign and Commerce and Supplies Ministries -- to facilitate and fast-track intergovernmental cooperation.
Speaking at an interaction organized b...

KATHMANDU: Minister for Finance Bishnu Prasad Paudel has expressed worries about informal economy that is flourishing in the lead up to the Tarai unrest and subsequent economic blockade imposed by India.
Addressing a program organized by Society of Economic Journalists Nepal (Sejon) in the capital on Tuesday to mark its 18th Annual Day, Paudel warned that black economy would be difficult to tam...

WASHINGTON: The Chinese yuan will join a basket of the worlds leading currencies, the International Monetary Fund announced Monday.
The IMF said that the yuan met all existing criteria to be included with the U.S. dollar, euro, Japanese yen and the British pound as one of the currencies used for the global organizations Special Drawing Rights, which serves as a standard for dealing with the fin...

KATHMANDU, Nov 30: Ethiopian Airlines is all set to airlift Aviation Turbine Fuel (ATF) from Monday. According to Nepal Oil Corporation (NOC), Ethiopian Airlines has agreed to airlift ATF from Kolkata.
As per the agreement with Petrolemax, who will be using Ethiopian Airlines aircraft to bring ATF, NOC will be buying 6,000 kiloliters of ATF.
We have signed an agreement with Petrolemax to air...

The countrys only secondary market saw massive volatility as the political gridlock continues to cripple the countrys economy, which has been compounded by Indias unofficial blockade. Hence, the Nepal Stock Exchange (Nepse) index plummeted by 50.56 points or 4.6 per cent week-on-week to retract below the psychological level of 1,050 points in the week, from November 22 to 26.
Stock investors ar...

The Nepal Chamber of Commerce (NCC) on Friday requested Chinese traders to work jointly with their Nepali counterparts to promote investment in agro production, manufacturing, tourism and banking.
During a meeting with a visiting delegation from China, the private sector said it desired to enhance business ties particularly with Xian, a city in Chinas Shaanxi province.
The 21-member Chinese ...

KATHMANDU: China has announced a zero-tariff to 97 percent of commodities from Nepal on Thursday.
According to Chinese news reports, the Customs Tariff Commission of the State Council of China has announced the zero-tariff treatment to Nepal and other seven listed African countries starting from December 10. The decision means that China will not levy any tax on 97 percent of Nepali commodities...

One of Brazils richest businessmen and a top senator have been arrested as part of the sweeping corruption probe into state oil giant Petrobras.
Andre Esteves was arrested at his home in Rio de Janeiro. Documents were seized both from there and from the bank he heads in Sao Paulo.
At the same time, the leader of the governing Workers Party in the Senate, Delcidio Amaral, was also arrested.
Bo...